World and Turkish Pharmaceutical Market

World Pharmaceutical Market

The world pharmaceutical market reached 1.6 trillion USD in 2023. Turkey ranked 19th in 2023.

Source: IQVIA Market Prognosis, Sep 2023

Turkish Pharmaceutical Market

Turkish Pharmaceutical Market (ex-factory prices)

The Turkish pharmaceutical market reached 211 billion TRY in 2023. During the same period unit sales reached 2,67 billion units.

Turkish Pharmaceutical Market

Source: IQVIA, İEİS

 

Originator vs. Generic Drugs

Originator – Generic Drugs on Value Scale (TRY -Billion)

Source: IQVIA, İEİS

Originator – Generic Drugs on Volume Scale (Unit - Billion)

Source: IQVIA, İEİS

Market Share of Originator vs Generic Drugs

Value Market Share                                                    Volume Market Share

 
Source: IQVIA, İEİS

Import-Local Products

Import – Local Drugs on Value Scale (TRY - Billion)

Source: IQVIA, İEİS

Import – Local Drugs on Volume Scale (Unit -Billion)

Source: IQVIA, İEİS

 

Market Share of Import vs Local Drugs

Value Market Share                                                              Volume Market Share

Source: IQVIA, İEİS

Pharmaceutical Consumption by Therapeutic Class

Pharmaceutical Consumption in Value Terms by Therapeutical Class

Oncology represented the largest proportion by value, accounting for 15,3% of the total market.
 

Source: IQVIA, İEİS
“Antibiotics: ATC groups of Antibacterial, Antimycotics and Antivirals”

Pharmaceutical Consumption in Volume Terms by Therapeutical Class

Antirheumatic drugs represented the largest proportion by volume, accounting for 10,4% of the total market.

Source: IQVIA, İEİS
“Antibiotics: ATC groups of Antibacterial, Antimycotics and Antivirals”

 

Biotechnological Products

Biotechnological products constituted 17,6% of prescription products with 37,2 billion TRY and 31,4 million units in 2023. The reference biotechnological pharmaceutical market grew by 84,4% to total 32,2 billion TRY. Biosimilar drugs market increased by 92,2% and reached 5 billion TRY.

Biotechnological Drugs on Value Scale (TRY- Billion)

Source: IQVIA, İEİS

Biotechnological Drugs on Volume Scale (Unit- Billion)

Source: IQVIA, İEİS

Foreign Trade

Pharmaceutical exports reached $2,23 billion in 2023.

Pharmaceutical Exports

Source: TurkStat, İEİS

Pharmaceutical Imports

Source: TurkStat, İEİS